the.com/compound growth
money having babies, then those babies having babies, while you sleep.
means growth calculated on the original amount plus all previously accumulated gains, so returns start earning their own returns.
from the math dates to babylonian interest tables, but the modern obsession traces to jacob bernoulli's 1683 work on compounding interest, which led him straight to the number e.
einstein myththe eighth wonder quote is likely apocryphal
rule of 72divide 72 by rate to estimate doubling time
early yearsmost of the curve happens near the very end
time beats timingstarting ten years earlier often beats picking winners
for instance
bitcoin early holders — a 2010 pizza purchase of 10000 btc now worth hundreds of millions